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Ethereum prices are on a tear today, rising more than 12% on a broad-based rally in cryptocurrencies. The Ethereum to USD exchange rate is currently at around $341.47.

What’s truly remarkable is that the speed of Ethereum’s recovery is stunning. ETH prices were trading at $206.00 only last month. Earlier in the summer, they were at $143.00.

In between those troughs, there was a brief moment when Ethereum skyrocketed and flirted with the $400.00 price level. But then China pulled out the rug by banning ICOs and cryptocurrency trading. ETH never managed to cross that important price level.

However, the pace of this week’s gains put Ethereum on track to reach $400.00 in a.